A certain antique watch increases in value by a constant percent each year. The watch was purchased for , and its value after years is . What is the annual percent increase in the value of the watch?
Cevap: 20 %
Cevap
The annual percent increase in the value of the watch is 20.
Because the watch increases in value by a constant percent each year, its value can be modeled by the exponential growth equation , where is the initial purchase price, is the annual growth rate as a decimal, and is the number of years. Substituting the given values , , and yields . Dividing both sides by gives . Taking the positive square root of both sides results in , which simplifies to . Converting to a percentage gives an annual percent increase of . Therefore, the correct numeric answer is .
Adım Adım Çözüm
Anahtar Kavram
Solving for the growth rate in an exponential growth model
Alternatif Yöntem
Alternatively, since the question asks for a simple percent increase, you can test a few straightforward percentages. For example, if the annual increase were , the value after 1 year would be , and after 2 years would be , which is too low. Testing , the value after 1 year is , and after 2 years is . This matches the given value exactly.
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